PENGARUH INVESTMENT OPPORTUNITY SET TERHADAP KEBIJAKAN DIVIDEN

Abstract

This    study    aims    to    examine    the    effect    of    investment    opportunity    set  to    dividend    policy.  Population  are  manufacturing  companies  listed  in Indonesian  Stock  Exchange  (BEI)  in  the period 2010-2011. Sample are 58 companies as  a  sample research based  on tecnique purposive sampling and used method quantitative.

Data  used  in  this  research  is  secondary  data  in the  from  of  fi nancial  report, Indonesian  Capital Market  Directory   (ICMD)  and  other  references  that  support  this  research.  Data  analysis tecnique uses the classical assumption test:  normaly  test,  multicollinearity  test,  autocorrelation  test  and  the  test heterokedasticity. Test hypothesis using multiple regression analysis using SPSS 17.

The result has shown that: LnMVEBVE has  negative signifi cant  infl uence  to DPR. LnPER has a positive signifi cant effect to DPR. LnCAPXA has negative and signifi cant to DPR. LnDEPV does not effect to DPR.]

Keyword  :  investment  opportunity  set,  dividend  policy,  MVEBVE,  PER,  CAPXA,  DEPV and DPR